In a smug Wall Street Journal op-ed, William Galston deemed the “war on coal” a claim perpetuated by Sen. Mitch McConnell (R-KY) to reinforce the coal community’s perceived “victimhood.” In this election year, Clinton essentially wants to end coal use, and Trump wants to defend it.
Although the president likes to tout the CPP’s projected energy efficiencies, he makes little comment about its economic ramifications. But if there were any doubt as to the plan’s hefty price tag, federal number crunchers at the Energy Information Administration (EIA) have released an analysis of the CPP’s impact.
Leading up to the meeting, the president recently announced a “Clean Power Plan” (CPP) to curb carbon dioxide emissions from America’s power plants. Such an effort may bolster the president’s credentials as a climate leader. But his plan requires a staggering transformation of America’s power sector that is simply too costly to implement.
Under the mandate of the Environmental Protection Agency (EPA), states are now required to reduce carbon dioxide (CO2) emissions from the electricity sector by 32 percent (from 2005 levels) by 2030. Specifically, each state must submit a compliance plan by 2018, with interim targets set for 2022, and final targets in place by 2030. And surprisingly, his plan could draw criticism from both sides of the climate debate.
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